ING announced today the appointment of Mark Milders as head of ING Group Investor Relations. Mark will succeed Malcolm Brown, who will take up the position of project lead for Strategy and Innovation at ING Wholesale Banking on 15 May 2017.
Patrick Flynn, CFO of ING Group said: "I am pleased to have Mark as our new head of Investor Relations. His in-depth knowledge of our company and its products, and his experience working with our Wholesale Banking clients, will be of great value in communicating with our investors as we are accelerating the implementation of our multi-year Think Forward strategy. I would like to thank Malcolm for his significant contribution during his time in Investor Relations. Under his leadership, ING has been successfully repositioned in the market from a financial conglomerate into a leading European bank, and our financial communication has significantly improved, adding to a more meaningful shareholder dialogue."
Mark Milders is currently heading Coverage & Markets for Germany and Austria. Mark joined ING in 2005. He held several senior finance positions before becoming regional head of Client Coverage Central & Eastern Europe in 2010. Mark moved to Germany in 2013 as head of Wholesale Banking Germany and Austria, taking up his current role in January 2016. As head of Investor Relations Mark will report to Koos Timmermans who is nominated to succeed Patrick Flynn as CFO of ING Group after the AGM on 8 May 2017.
Malcolm Brown has worked for ING and its predecessors since 1989. He held various functions in Asia including head of Corporate Clients Asia and country head Hong Kong and China. In 2008 he returned to Europe to become global head of Financial Institutions. In 2013 he took on the role of head of Investor Relations.
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| ING PROFILE ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's 52,000 employees offer retail and wholesale banking services to customers in over 40 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). Sustainability forms an integral part of ING's strategy, which is evidenced by the number one position among 395 banks ranked by Sustainalytics. ING Group shares are being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is among the leaders in the Banks industry group. IMPORTANT LEGAL INFORMATION Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014. Projects may be subject to regulatory approvals. Insofar as they could have an impact in Belgium, all projects described are proposed intentions of the bank. No formal decisions will be taken until the information and consultation phases with the Work Council have been properly finalised. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING's core markets, (2) changes in performance of financial markets, including developing markets, (3) potential consequences of European Union countries leaving the European Union or a break-up of the euro, (4) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness, (5) changes affecting interest rate levels, (6) changes affecting currency exchange rates, (7) changes in investor and customer behaviour, (8) changes in general competitive factors, (9) changes in laws and regulations and the interpretation and application thereof, (10) geopolitical risks and policies and actions of governmental and regulatory authorities, (11) changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof, (12) conclusions with regard to purchase accounting assumptions and methodologies, and other changes in accounting assumptions and methodologies including changes in valuation of issued securities and credit market exposure, (13) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (14) changes in credit ratings, (15) the outcome of current and future legal and regulatory proceedings, (16) ING's ability to achieve its strategy, including projected operational synergies and cost-saving programmes and (17) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING's more recent disclosures, including press releases, which are available on www.ING.com. Many of those factors are beyond ING's control. Any forward looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction. | ||
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